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is we have a unique opportunity to do something big. we have a chance to stabilize america's finances for a decade, for 15 years or 20 years. if we're willing to seize the moment. what that would require would be some shared sacrifice and a balanced approach that says we're going to make significant cuts in domestic spending. and i have already said i'm willing to take down domestic spending to the lowest percentage of our overall economy since dwight eisenhower. it also requires cuts in defense spending. and i've said that in addition to the $400 billion that we've already cut from defense spending we're willing to look for hundreds of billions more. it would require us taking on health care spending. and that includes looking at medicare and finding ways that we can stabilize the system so that it is available not just for this generation but for future generations. and it would require revenues. it would require, even as we're asking the person who needs a student loan or the senior citizen or, you know, people -- veterans who are trying to get by on a disability check, even as we'
'm a big netflix user, by the way. i get the discs sent to my house. they're going global in a big way. they've come a long way from the days they mail out the dvds. >> even though they're not in hong kong. but they're making a big move to latin america. they will expand to 43 companies in south america. they made the first international move to canada. late last year you can see it clearly wants to be a global company, but it's going to be pricey. the company said it would lose up to $70 million in the second half of this year from overseas operation. but investors in the states are cheering the move. the news sent netflix shares soaring 8% on tuesday. ali? >> kristie, how do you do it? are you further ahead in congress how long? is there similar service? >> itunes. it's all about itunes. >> very good. stick around for this story. quite frankly, i don't want to be alone in this piece of knowledge. some farmers in the uk were looking for extra ways to save money. the answer was on the farm in big piles. they're turning livestock waste into energy. the pigs were wallowing in gold. the t
at losses, big concerns over the solver debt crisis. report in a german newspaper is speculating that england may have to be included the bailout. so the european debt crisis is extending beyond grease, portugal and ireland and potentially italy. this is where we're looking at the european stock markets. off by more than 1% with the paris cac. reasons do with the greek debt crisis. a move away from the partial default. london ftse where banks are affected but not quite so badly as in germany and france up by about quarter of a percent and the losses are 2/3 of a percent for the seger smi. we'll have more of that coming up. >>> in terms of the currency markets, here we are, the main story here is that the euro remains under severe pressure, and i think that currency traders are talking in terms of the picture we've seen in recent weeks on the dollar coming to an end and that the dollar will remain in these kind of circumstances the safe haven currency. so looking at 1.5967. again, the pound under a lot of pressure. the euro, 1.4153 and 80.72. remarket stability for the yen dlafrmt
time. sonja "black widow" thomas won with 40 dogs. i'm a big hot dog lover and can't imagine that. how many do you think you could eat? if you're hungry and like them. they're not the biggest. >> personally, i have had three. >> i can do better than three. >> really? >> i was thinking six or seven. >>> coming up, a grizzly discovery in an indiana creek. police waiting to see if it sheds light on the disappearance of a college coed. >>> also, a civil war reenactors in a battle with mother nature. why they got the shock of their life. >>> wowing the crowds in canada, what the royal couple is up to today. chronologically i'm sixty years old. is it the new forty, i don't know. i probably feel about thirty. how is it that we don't act our age? [ marcie ] you keep us young. [ kurt ] we were having too much fun we weren't thinking about a will at that time. we have responsibilities to the kids and ourselves. we're the vargos and we created our wills on legalzoom. finally. [ laughter ] [ shapiro ] we created legalzoom to help you take care of the ones you love. go to legalzoom.com today and co
were picked up in a big fbi raid this week. the justice department says the woman is part of a collective that attacked several wreb sites. she's under a judge's orders not to use the internet except to talk to her lawyer. >>> the nikkei and hang seng closing up. kristie lu stout standing by. markets rallying on the heels of this debt bailout plan for greece. >> that's right. european leaders meeting in brussels have finally reached a deal to give greece a second bailout. that has been well received on the global stock markets, uk, french and german markets all on the rise. the nikkei in japan closed higher. the euro continued to rise further against the u.s. dollar. european policymakers believed this deal, which is worth almost a quarter of a trillion dollars will contain europe's debt crisis and give greece more breathing room. >> some say this rescue plan is not going to be enough to solve long-term problems in greece or the eurozone. >> that's right. the markets are rallying right now. there is fear among european leaders, fears that imposing losses on greece's lender
place over here in the uk. this is one division that has the big question mark over it, the publishing division, $997 million in 2010, 22% of operating income for the company. we have "the wall street journal" front cover, they purchased that for $5 billion. you have $200 million coming from the uk. not a game changer but whether this spills over into the other businesses that rupert murdoch owns. the next division, u.s. broadcast networks, they have about 37% penetration into u.s. house holds, this represents 9% of the bottom line, $409 million they have, tv stations scattered throughout the united states, again, does it spill over because of reputation? right now analysts we spoke to on wall street say not just yet, last division here, sky italia here, scott mockridge, it represents 4% of the operation, not a game changer but feeds in. bskyb would have brought in 15% of earnings per share in 2012 if the deal would have gone through, been held off for 12 to 18 months and it may not happen at all. you take a step back from all the numbers i hoad you, $636 million loss, about 14% of the
a big, cold bucket of water. another one said that this is like we're waiting for job growth to take off and instead we are sitting grounded in the terminal month after month waiting for our flight. what's your reaction to this disappointing jobs report? >> the terminal one is a depressing thought. it's an awful jobs report. it's just awful. i was certainly expecting at least to get enough jobs to sort of keep us moving a little bit. unfortunately this is what happens after a deep financial crisis. this is par for the course. the average after a deep financial crisis postwars, four years or more of bad job numbers before things really start getting better. we thought we could beat things with our stimulus, aggressive monetary policy. but it looks like we won't. >> a lot of my colleagues have been asking me, why are the estimates so wildly off? i keep saying, we've come from such a dramatic move in the economy that people really are trying to get -- experts are trying to get a handle on where we go from here. am i right? >> absolutely. if you look at past financial crises and not past rec
the band-aid. eat our peas. >> reporter: of course, taxes remains the big sticking point. the president, though, insisting that nothing would change before 2013 so it would not happen during a difficult economic environment, but house speaker john boehner saying that there's no reason to raise taxes in order to control spending. he believes the best way to get revenue is by improving the overall economy by creating jobs. he says he is willing to get a deal done with democrats and the white house, but, in his words, it takes two to tango and they are not there yet. >> dan lothian at the white house, thanks. >>> the debt crisis overseas sending a chill through wall street this morning. less than half hour before the opening bell, u.s. stocks may be headed for another rough day. ali velshi is joining us live from new york. ali, what does it mean? >> well, you know, first of all, futures seem to be leveling out a little bit, kyra. a couple of things going on here. one as dan was just saying, we just heard from the treasury secretary who is making a speech and he says he is expecting a deal
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higher. the ftse and the dax are both down. sony is reporting big losses. let's go to kyung lah, live in tokyo. good morning, kyung. >> reporter: good morning, ali. it's not just sony but it is a bad day in a lot of boardrooms and many of the electronics companies here in japan. we saw a lot of reporting of the quarter from april to june. sony posted a loss of 191 million u.s. dollars. panasonic, down 390 million. sharp down 630 million and nintendo says they lost in that quarter 327 million u.s. dollars. why? well, partially because of the march 11th earthquake. they are still trying to recover from the poor sales and the supply problems. the other theme we keep seeing over and over again from these electronics companies is the currency problem. the u.s. dollar is sinking. sinking very rapidly in these last six weeks. u.s. manufacturers, just like japanese manufacturers all operate on the u.s. dollar. and so when japanese manufacturers then have to repatriate these funds here, they lose if the dollar is sinking and the yen is rising. what is pushing the dollar down is all of that u.s
days. 106 expected high temperature in the big "d." it will be 92 in kansas city and 80 in new york. that's cooler. 86 with storms in atlanta. some researchers out of the u.k. ali, want to share this story with you, you're a big movie buff and science guy at the same time, researchers out of the u.k. are calling for regulations to curb the integration of human genes basically with animal genes. they don't want to create a human animal, hybrid. who wants that? i can't help but think this has something to do with the release of the "planet of the apes" movie coming up in the beginning of august. called something like "rise of the apes." a popular show when i was a kid and i might see the movie in a couple weeks. >> do you know if we're anywhere down the road close to cloning human/animal cloning? >> we don't need a half man/half horse running around the office. we do use the genes for beneficial scientific uses to try to discover some cures of the diseases. >> it's always the fear someone will use it for the wrong thing. rob, good to see you. check in with you later on. rob marciano i
and we did receive a report of one fatality. >> pamela, christine here, how big is the area the researchers are searching and what are they dealing with in terms of conditions and weather there? >> the coast guard hasn't left yet. we're waiting for the sun to come up before we conduct a search. when we do, we will conduct a thorough and exhaustive search of the area, we cover hundreds of square miles of water and we'll be doing that as soon as the sun comes up. >> do we know any -- any sense of this vessel, you told us 100 foot fishing vessel, is its weather that caused it to capsize? >> yes, ali. we received a report that they had hit some rough weather on sunday morning and the boat had capsized and sank almost immediately. the vessel was close enough to shore where some people were actually able it to swim to shore and they had to notify authorities when they got on land. >> petty office ser pamela bailen, we'll check in with you later. >>> former serb commander ratko mladic kicked out of court this morning. the judge removing mladic from the chambers after multiple disru
to be a catastrophe if they don't. big business is scared. if there's a default, they're going to lose a whole lot. >> reporter: americans don't like hearing about politicians losing their tempers during negotiations. >> i understand it's difficult. my job is very difficult. i don't have the option of walking out of a meeting. that would be considered completely inappropriate. >> reporter: many americans believe the debt ceiling needs to be raised but not everybody. >> if i have a credit card with a certain limit and i'm overspending, the answer is not to increase my spending limit. >> is this going to put a greater burden on us as the american people and i just don't think it will help the situation. >> reporter: but there are eternal optimists. >> no matter what they do, we'll survive. >> reporter: a hopeful note as we head into the home stretch on the debt crisis. fe lee shah taylor, cnn, new york. >> let's go over to south africa, where david cameron, the prime minister of united kingdom will be speaking a bit later on alongside the south african president jacob zu ba. that is the conference a
, again, big difficulties with the sydney s&p 200 by more than 1%. let's move over to europe. we're a touch into the hour on the trading day. a decent run-up on some of these markets in the course of last week, off by -- well, actually only a fraction of a percent now. it has been more than that, half a percent for the cac. in the united states markets clearly opened -- will be opening in less than five hours' time and we're looking to a lower start as well. off by 1%. certainly a little pessimism. maybe some optimism mixed in. we will, as hillary clinton says, see a deal in the course of day or the next day or two. >> yeah, it will be interesting to see how the european markets pan out as well and how it affects the u.s. futures. you know, this talk of possible default is actually sending some investors to safe havens like gold for example. hitting a record high of $1,617.30, now it's $1,617.30. the oil price pulling back just a tad over the back of what's going to happen to the u.s. economy and demand for crude. charles. >> hmm. now, if hillary clinton is right and a deal is ju
, it could be too big to fail. >>> nina, we're also seeing investors flee to the safe haven of the yen. it has broken that 80-yen mark but weakening just slightly from yesterday at 79.63. china announced a higher than expected gdp figure for june which eased worries about an abrupt slowdown in the economy. but the debt crisis in europe is still keeping many investors on the sidelines. ramy inocencio is here with a look at asia's closing numbers. >> the gains across the region were pretty good yesterday. the meek kay closed up .4%. credit suisse gave them on out performed rating over here in hong kong, the hang seng closed up a little over 1% here. that's off its worst two-day decline in 17 months. the catalyst here was that better-than-expected gdp number out of the chinese main land. on the mainland the gdp number was 9.5% for june. what was expected was 9.4%. with that the composite rose 1.5%. that was helped by good news from agricultural bank of china after saying its first half net profit would rise by nearly 50%. going down under, the asx rose nearly half a percent. that was prop
that we have to have the big bang here in brussels. europe has to speak with one voice. they have to come up with a grand plan. even if it's not today. but they have to have steps today about, for instance, do they tax the banks here in europe to get more money to give to greece? do they allow this efsf, the current fund that's helping to bailout greece and ireland. do they allow that to be more flexible. it's complicated. but the point is, people want to see firepower. want to see that the politicians are thing as much as they can that make sure that the euro survives. and make sure there isn't an attack on the bond markets. so, we want to see a lot of words coming out of here. then, see some actions. it will be really interesting. it could be all day. we could be here late into the night to see if they can have common agreement on these two very important issues. >> jim, we should talk about the banking sector and how this affects some of europe's largest banks that are heavily exposed to sovereign debt. of all of the 17 nations that share the euro. there are proposals for them to be ta
about today. the jury in the casey anthony murder trial got a big job to do this holiday. deliberations are expected to begin in a few more hours. first, the prosecution has some rebutting to do. the defense claims the state did not prove that case say anthony killed her daughter caylee but they played with the jury's emotions. >> you see the strategy behind that is, is if you hate her, if you think she's a lying, no good slut, then you will start to look at this evidence in a different light. you will start to, oh, wait a minute, maybe i'm seeing something that's not there and start to actually discriminate against her rather than give her the standard that is afforded to each and every citizen in our country. >> the trial in orlando gets under way at 8:30 eastern. the judge warned the jury today will be a long way for them. >>> fox news politics on twitter, someone has clearly hacked the twitter handle. the site is putting up all kinds of insane, inappropriate and untrue tweets about president obama. basically april fool's type stuff that isn't funny. we reached out to fox and twitter
doesn't matter. a lost season is a big deal. >>> tight lipped about any emergency surgery and now an admission from venezuelan president hugo chavez. in a televised appearance yesterday, chavez says that doctors in cuba operated on him to remove a cancerous tumor in june. there's no word yet on when he will return to venezuela but speculation surrounded his health after he canceled a high-profile summit of latin american leaders slated for this month. >>> in japan the government is recommending more evacuations from the area around the fukushima daiichi nuclear power plant. officials say 113 additional households should evacuate from four districts now considered radiation hot spots. that's far beyond the mandatory exclusion zone set up for 20 kilometers around the fukushima reactors. >>> on the run since 2005, and on the 15 most wanted fugitive list since june, alleged drug kingpin keith hasson arrested in los angeles yesterday. he's suspected of masterminding a nationwide cocaine and marijuana ring which raked in more than $20 million. he's also wanted on an open indictment in n
of those calls are from democrats. murdock is a big backer of republicans. if more momentum builds for probes, there are cautionary tales for lawmakers, reports that the tabloids sometimes turn the tables on those who investigate them. most of those accounts date back to well before this scandal ploou up in the media in recent weeks. martin moore of the media standards trust tells us when british parliamentary looked in the tabloid press a couple years ago, he heard of allegations that they were discouraged from repeatededly inviting rebecca brooks to testify. >> the allegation was they were told, members of that committee were told, do not invite her again. do not press this one, do not push it, because if you do, you'll regret it. that was made very clear. >> reporter: a news corporation spokesman would not comment on that allegation. are you concerned that they might hit back at you and dig into your personal life or whatever? >> i'm not worried about my personal life nor am i worried about my next term. i've been here 27 years. when you grow up in a poverty stricken area and po
. the scandal now spanning across the atlantic and claiming its first big victim on this "american morning." >>> and good morning. welcome, everybody. it is friday, july 15th. i'm soledad o'brien. you are watching snoonk kiran is off, christine is off, welcome soledad. good to see you. >> thank you. we have a lot to do today. let's get right to it. serious new pressure on rupert murdock and his global media empire. the justice department says it's now investigating the claims that one of its tabloids tried to hack 9/11 victims' phones. a report in another british tabloid, "the mirror" quoting a source who says "news of the world," the newspaper which folded under the pressure of the hacking scandal, hired an investigator to try to tap the phones. now lawmakers, law enforcement, and 9/11 families are all demanding the truth. >> susan candiotti following the latest for us on this and breaking, one casualty of the news international, rebekah brooks has resigned. >> the question is, does this mean that the walls are crumbling at news corp. it's too early to say, bulls this is a crack in the wa
especially in chicago and detroit. the big culprit. thunderstorms. major delays possibly other an hour. flight delays. that is not flight congestion. that is flight constipation. that is horrible. backups in miami and tampa. >>> meanwhile, again, the heat will continue through much of the nation's midsection all the way up in parts of the central plains, northern plains. scattered storms across the four corners after it gives a few delays in parts of the southeast as well. ali, let's pitch it right back to you. >> reynolds, thank you so much. good to see you. >>> i want to bring you up to speed on the movie "transformers." "transformers" continues to crush the box office competition. see how it stacks up against its competition when we come back. couldn't resist making this the quote of the day. guess who said this, quote, didn't resist arrest. i'm in a neck brace. how am i going to resist arrest? i'll tell you right after the break. ♪ [ doug ] i got to figure this out. i want to focus on innovation. but my data is doubling. my servers are maxed out. i need to think about something e
no sizable progress to report on moving forward on a big deficit reduction plan that includes massive spending cuts, tax reform and entitlement reform, tax increases. so you can see here the clock is ticking and the end game here still very unclear. >> this thing just keeps on developing and you hear hopefulness and then schedules. you will keep us posted when you hear there's actually some kind of timeline we have to figure out whether we are going to have money to pay our bills on august 3rd or not. >> after two days of explosive hearings in the uk phone hacking scandal, relatives of 9/11 victims in the u.s. are now saying they will be meeting with attorney general eric holder soon. they asked for the meeting one-on-one since the fbi started investigating allegations that "news of the world" hacked the phones of survivors, victims and their families. the meeting has yet yet been set. >>> rupert murdoch is back in the united states. he and his wife returned to their new york home yesterday. there is a lot on rupert murdoch's plate. news corp. is facing an fbi investigation and at lea
ceiling. even one of the world's largest bond investigators, mohamed arien, he's been a big proponent of debt reduction plans. he says when it comes to kicking the can down the road, kick the down the road a little bit. this is serious. >> harvard professor ken rogoff is a former chief economist for the international monetary fund. ken, listen to this with me. republican senator kay bailey hutchison said we're about to find out how serious the obama administration is about reducing spending. listen to what she said. >> you do the things that are essential. this is where the administration is going to be tested. if they won't make an agreement that will have spending reforms, if they start doing the chicken little thing by not paying social security recipients or people in our military or interest on our debt and instead choose to cut the things that will hurt the most but not the things that they could cut responsibly, that's going to be the test that they're not serious. >> ken, she's talking about a test. is this a logical test? if you strongly believe that spending needs to be cut
session and those three-month lows for the euro so pretty bleak picture. >>> at the united states a big sell-off on wall street. major averages tumbled, major worries. financial and technology shares were among the biggest losers on monday, bank of america, citigroup, jpmorgan chase and wells fargo all closed roughly 3.5 to 5.5% lower, so really this is touching off fears of a broader financial crisis and don't let's forget the whole situation of the biggest slowdown in the world economy since the 1930s started with the financial crisis and now the worry is with he might go there again. at the close of the play there were triple digit losses for the dow, nasdaq, each closed roughly 2%. painful, pauline. >> let's look at the stock market futures and trading session in the u.s., it's right across the board as well, here's where the u.s. futures stand in premarket action the dow poised to open down by almost 1%, about the same amount for the nasdaq. the nasdaq ended monday's session down 2%, so that's not good news there. also the s&p 500 poised to start the session on tuesday down by 1.25
of the big monthly jobs report. there wasn't an awful lot of movement, as you can see, at the end of the session. the s&p and also the dow were each off by just a fraction, and the nasdaq meanwhile managing to choke up just a small gain. pretty modest, though. about one-third of a percent. this is how the future markets are trading. it seems that we're in for a flat start at the moment. a number of indices down if we look at the futures. but only by a bit. about .07%. >>> britain's most popular newspaper is under hot water. they are facing allegations of phone hacking. today british lawmakers will debate calls for an urgent public inquiry into the affair. this all comes after new claims suggest that after the london underground and bus bombings of 2005, this paper may have tried to hack the victims' phones and the phones of their relatives as well. >>> the new phone hacking claims that have caused so much anger across the united kingdom also centered around a 13-year-old who disappeared on her way home from school back in 2002. her decomposing body was discovered six months later.
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mean they've got to pass something big and get it implemented quickly if we're not going to blow past that anyway. >> they really do. you heard secretary geithner yesterday saying that essentially we're running out of runway now and this is something that everyone has been dealing with for many, many months. what speaker boehner, according to one republican source, told gop lawmakers yesterday, is that they have to vote on some kind of a plan by wednesday and they have to post it on-line by today. so, you know, these are pretty tight deadlines that they're up against right now and last check, you know, they're still not close on a deal yet. nonetheless they have to get something done as he pointed out by wednesday to meet that august 2nd deadline. >> they don't have to be tight deadlines. >> never has to be tight deadlines. >> this is a crisis made in washington. >> as mark preston told me about half an hour ago, on the phone, he said guys, it's washington. that's -- >> this is how it always works. >> we'll be with you, talking many times. i have to tell you, grover norquist, the pres
place than does greece. greece has two problems. first, it has a big budget deficit and markets have lost faith that it can ever repay its loans. second, it is an unproductive economy and cannot generate enough economic growth over the next few decades. in economies, degree has a liquidity problem but also a solvency problem. the united states, by contrast, does not have a solvency problem. the american economy remains one of the world's most competitive with many of the fastest-growing companies in most of the advanced industries. it houses the best capital markets in the world, the greatest universities, the most dynamic society. america is demographically vibrant thanks to immigration. it will be the only rich country that will see its population grow over the next 25 years. america could face a liquidity problem, that is it could have difficulty financing its debts and deficits if markets lose faith in it, again, let's be clear. this has not happened yet. in fact, right now, the world is lending to america more cheaply than ever before. the most important difference between greec
a crime. it has been a rape or an attempt of rape. it is a big crime, and it will have to be punished. >> simon schama, in his column at "the daily beast," bernard henri-levy said this is like ropes spear. you wrote a book on the french revolution. do you think there's any -- >> i can understand bernard's passion about that, but as we know, the guillotine was the conclusion of that. that's not exactly what happened to dominique strauss-kahn. what i wanted to say to bernard and the discussion is that much of what he says i share, but i think it boils down to this kind of very lurid relationship between the tabloid press and the nature of criminal prosecution, spectacular. criminal prosecution or criminal apprehension, potential criminal apprehension, as a kind of public spectacle. >> like the casey anthony trial. >> yes. exactly. there is something in american public life, actually, which assumes it not to be problematic, actually, to make it a show before any guilt is necessarily proven. >> you have this tendency, also in france, and it was even more severe and as severe concerning fr
than three-quarters of 1%. standard charter. about 3.5% this session. these are all big names to watch. a very big reaction. and now the headline is going to be what happens with the u.s. deadline. speaking of the united states, there was plenty of relief on wall street on thursday, again, because of the news of the european debt deal. that sent investors reaching for their wallets. at the close the dow is up 15250. the s&p was up one and a third per senn. let's take a look at how the markets are going and how things are set for when trading begins on friday. that's how the futures are looking. we're looking cautiously optimistic, i would say, nina. >>> well, it's le than two weeks to go, nina, until the u.s. could default on its $14.3 trillion worth of debt. they met with president barack obama on thursday. cnn spoke with jong king about why some in the president's party are very angry. >> they held a meeting with the president here at the white house for nearly two hours. it's never terribly good that it went on that long. no one is speak publicly about it but i'm speaking with some
and taking on the big issues. and that he called on the group to take on this challenge and then called the meeting to an end. no matter how you read that, it's clearly an increase in tensions on day three of these debt negotiations. with no sign of real progress with the clock ticking. and i do have it confirmed that this president really did say, you know, with my presidency at stake, i will not yield on this issue. >> the longer the deadlock goes on, the more the world is beginning to worry. moody's put america's credit rating under review on wednesday, hinting at a possible downgrade. that follows similar action from the other two big ratings agencies, standard & poors as well as another agency. >>> ben bernanke warned that congressional lawmakers and he warned them what could happen if they run out of time. >> fairly soon after that date, there would have to be significant cuts in social security, medicare, military pay or some combination of those in order to avoid borrowing more money. if in fact, we ended up defaulting on the debt, or even if we didn't, i think it's possible tha
now. big holiday weekend. you have the eye on the weather but also fireworks. isn't it illegal --? >> some states, depends on where you are. some states in our country where you can have almost like an arsenal, shoulder rocket missile and hey, fourth of july, let's go. you have to use common sense out there. we tell the story every year of people getting out there being careless and get hurt. supposed to be a festive wonderful holiday but people get a little careless, according to the u.s. consumer product safety commission there were three fireworks related deaths and again, it happened all last year. more than 8500 people had to be taken to the emergency room because of firework injuries. some of the tips to prevent things from happening to you or your family. >> and this is amazing to hear 8500 people are injured with fireworks. but here are some of the things. kind of common sense don't allow young children to play with or ignite the fireworks. always have an adult supervise the fireworks activities. sparklers seem innocent enough but can be dangerous as well. burn at high
and ja coe vich will play for the big prize tomorrow. >>> and this is new video of the former imf chief being released. his accuser told substantial lies about her own background and the facts of this case. earlier i spoke to our legal guys about the strauss-kahn case. and they were fired up. >> i think this is the most electrifying legal development of the year, and i'm not going to be critical by the way of prosecution. they had forensics, they really didn't have a choice. this guy was gone. and the fact is that the opportunity for prosecution to develop the case, to get it to the grand jury was a relatively short window, but the -- to its credit, cyrus vance went public yesterday and said, look, there are such severe credibility issues that if we're going to do justice, at least in terms of meeting its burden beyond a reasonable doubt, the case has to end, it just must end. and cyrus vance did the right thing. >> what's going on here, richard? yes, avery underscored there is some forensic evidence substantiating that something, there was some sort of contact between these two, at lea
from new york. two big stories this morning, the final space shuttle landing and dozens of people here in the united states believed to be dead because of this incredible heat wave. >>> let's start with the shuttle. we are now less than one hour away from the final space shuttle landing. just in the last half-hour, we got a go for landing from nasa. the deorbit burn took place in the last couple of minutes. in the burn, the shuttle's engines are fired to help it slow down before it hits the atmosphere. in less than 30 minutes the shuttle and crew will start to feel the effects of the atmosphere. they'll be about 80 miles above the earth at that point. as the shuttle comes through the atmosphere, it heats up to about 5,000 degrees on the outside. when it breaks through the atmosphere, many of the folks in florida will hear those famous son iic booms. about five minutes before the landing, the commander will take manual control of the shuttle and pilot it to the grounds. when the orbiter hits the runway, it will be going 220 miles an hour. the shuttle will land for the last time ever at
was certyi71e a big factor and is a bigxdok factor in whatokxd do at the polls.xd it really knocked thailand's economy, and both sides are blaming each other for it. [ crowd noise ] >> reporter: this is the last push before voters go to the push before voters go to the polls in thailand. >> reporter:xd the pace for tha politicians is frantic. the people along the campaign trail arexd excited. [ cheers ] >> reporter: a virtual newcomer to politics is garnering loads of attention as she tries to okm minister. the youngest sister of the former polarizing prime minister and billionaire who was ousted in a 2006e1 military8g÷ coup an lives in exile as abuse of power charge await him at home. charges whichxd he denies. he has what you might call rock star status, especially here in the north. good looks and charisma. whent( you ask many people why they willxd vote for her, they y it's because they like her brother. hisokc supporters, known as thed shirt, almost worship him. critics worry she's simply his puppet. yourt( brother has said you're ó clone. how much like your brothere1 ark you
. saved a bunch. that's a reason to switch. big savings -- it's a good look for you. [ blower whirring ] [blower stops] the safety was off. out there with a better way. now, that's progressive. >>> jury selection has started in the trial of polygamist leader warren jeffs, charged with sexual assaulted on a child and bigamy. police arrested jeffs after raid on the ranch run by his church in 2008. the fundamentalist chur of jesus christ of latter day saint saints is a breakaway sect of the mormon church. gary tuchman is here to talk about this. these are the most serious charges in terms of this trial he has ever faced. >> the most tearious charges, the viewers heard about warren jeffs a long time, on the fbi ten most wanted list, he was convicted in utah of a less serious charge but overturned because of faulty jury instructions. arizona dropped their charges because arizona convicted him no longer valid, now, very serious charges two charges of sexual assault against two girls 12 and 13 years old, jeffs accused of having relationships and a baby with the 13-year-old. very serious. what
targeted. only $850 billion in deficit reduction as opposed to the $1.2 trillion they were targeting. a big problem. they're now scrambling to rewrite the bill and it is unclear what will really happen. they were spending all day today trying to sell the bill to their members, gloria. not rewrite it'll. >> so what happens? we weren't sure he had the votes before to pass it in the house. now it looks even less likely, right? >> definitely seems like more problem, more headaches added to the speaker's plate. unclear. what we were told as this was happening, they were aiming for a vote tofmorrow. unclear. definitely, very easy to understand that it would be even a bigger problem selling this to house conservative who's were already complaining that this bill didn't go far enough. >> and clearly, kate, the speaker does not want to lose. so thank you very much. and stay on top of that story. it is important. meanwhile tonight, we're getting some mixed messages out of the white house, too. just a short time ago on cnn, white house communications director dan pfeiffer told jessica yellin that pres
party members that want huge cuts in spending and no hike in the debt ceiling. here is where the big numbers come in. the republican speaker has staked his leadership on the plan to let the treasury borrow $900 billion right away, while cutting $915 billion in future spending. contrast that with the senate plan from majority leader reid which would hike the debt by $2.7 trillion by cutting spending by $2.2 trillion. it's not clear when the senate will vote on anything, actually. and that brings me to cnn correspondent, kate bolduan. >> reporter: sounds like they are cautionly optimistic. i am told speaker boehner said they do not have the votes yet but will pass that pill, and some news, on the senate side, the senate majority leader harry reid took to the floor and said this evening, tonight, the senate will move to act on the boehner bill. this assumes that boehner secures the votes and does pass in the house, but this is significant, because all along we have been hearing that there was a sense that the senate was waiting to act to see what happens with the boehner bill, and harry
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